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OKX Suspends Decentralized Exchange Operations After Consulting With Regulators To Combat Financial Crime

OKX Suspends Decentralized Exchange Operations After Consulting With Regulators To Combat Financial Crime

The crypto exchange OKX has decided to “temporarily suspend” its decentralized exchange (DEX) aggregator after consulting with regulators. Traders use data from DEX aggregators to find the best-priced trades across various decentralized exchanges. OKX’s aggregator has recently come under scrutiny. Last month, hackers stole a staggering $1.4 billion worth of Ethereum (ETH) and Lido Staked […]

The post OKX Suspends Decentralized Exchange Operations After Consulting With Regulators To Combat Financial Crime appeared first on The Daily Hodl.

Bitcoin price falls toward range lows, but data shows ‘whales going wild right now’

OKX Halts DEX Aggregator Amid Bybit Hack Fallout

OKX Halts DEX Aggregator Amid Bybit Hack FalloutThe crypto exchange and blockchain infrastructure provider OKX has “temporarily halted” operations for its decentralized exchange (DEX) aggregation app, “OKX Web3.” This decision comes after the firm previously clarified it implemented safeguards to prevent Bybit hackers from exploiting its platform. OKX Clarifies Web3 Protocol Suspension Last week, OKX refuted allegations of scrutiny by European regulators […]

Bitcoin price falls toward range lows, but data shows ‘whales going wild right now’

OKX Secures MiFID II License in Europe, Expanding Offerings for Institutional Clients

OKX Secures MiFID II License in Europe, Expanding Offerings for Institutional ClientsOKX has announced the acquisition of a Markets in Financial Instruments Directive (MiFID II) license, marking a significant milestone in its growth strategy in Europe. This license, pending regulatory approval, will enable the exchange to launch derivative products and services tailored for institutional clients across the region. The announcement was made during an event in […]

Bitcoin price falls toward range lows, but data shows ‘whales going wild right now’

Fake OKX plugins found on the Firefox browser store

According to cybersecurity firm CertiK, the number of crypto hacks and exploits rose to 303 incidents in 2024, up from 282 in 2023.

Crypto exchange OKX has warned users of fraudulent OKX browser extension that have appeared on the Firefox browser plugin store. Extensions integrate third-party functionality within a web browser interface.

According to OKX, the company has not released any Firefox browser plugins and has advised users who mistakenly downloaded the plugin to transfer any funds in wallets connected to the fraudulent extension.

OKX contacted Firefox to remove the applications and reminded users never to download OKX-specific software from third parties.

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Bitcoin price falls toward range lows, but data shows ‘whales going wild right now’

Relationship building is a hedge against debanking — OKX exec

Documents released on Dec. 6 show the Federal Deposit Insurance Corporation (FDIC) asked banks to pause crypto-related activities.

The entire crypto industry faced threats of debanking under Operation Chokepoint 2.0. Jason Lau — the chief innovation officer at crypto exchange and self-custody wallet provider OKX — told Cointelegraph that fostering relationships with banks and keyholders was a hedge against debanking.

Lau said the traditional financial world is heavily based on trust and that relationship-building with banking institutions, financial regulators, and other stakeholders was key to maintaining solid partnerships. Lau told Cointelegraph in an interview:

Many Operation 2.0 debanking stories came from the United States and US-based entities. However, debanking remains a global problem with implications for business, technological innovation, and freedom of speech.

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Bitcoin price falls toward range lows, but data shows ‘whales going wild right now’

Bitcoin to $100K: What will milestone mean for derivatives markets?

Bitcoin analysts and traders have long dreamed of a $100,000 BTC price, but what would the achievement mean for derivatives markets? 

Bitcoin’s (BTC) potential climb to the $100,000 price level has captivated investors for years. While retail participants often celebrate such psychological milestones, the key impact should come from institutional adoption and advancements in the Bitcoin derivatives markets. 

Bitcoin futures aggregate open interest, BTC. Source: CoinGlass

Futures open interest on Bitcoin presently totals 626,520 BTC ($58 billion), a 15% increase in two months, signaling growing interest in derivatives. If Bitcoin reaches $100,000, this open interest would hit $62.5 billion, representing 3.1% of its $2 trillion market cap. This contrasts with the S&P 500, where $817 billion in futures open interest equals only 1.9% of its $43 trillion market cap.

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Bitcoin price falls toward range lows, but data shows ‘whales going wild right now’

Hitting and holding $100K Bitcoin price depends on $11.8B end-of-year BTC options expiry

Bitcoin’s ability to reach and hold the $100,000 level will be influenced by the upcoming $11.8 billion options expiry.

Bitcoin’s (BTC) market is preparing for the year-end $11.8 billion options expiry, set for Dec. 27 at 8:00 am UTC. Recent data reveals a strong advantage for call (buy) options, though bears could significantly limit their losses by keeping Bitcoin’s price below $75,000.

Aggregate Bitcoin options open interest for Dec. 27. Source: Laevitas.ch

As of now, the total open interest for call options is $7.9 billion, while put (sell) options lag at $3.92 billion—underscored by Bitcoin’s 29% rise since October, which has likely rendered most put options worthless.

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Bitcoin price falls toward range lows, but data shows ‘whales going wild right now’

Crypto Exchange OKX Announces ‘Milestone’ Partnership With Investment Bank Standard Chartered

Crypto Exchange OKX Announces ‘Milestone’ Partnership With Investment Bank Standard Chartered

The fourth-largest crypto exchange by trading volume is announcing a new partnership with a prominent international banking giant. In a new announcement, OKX says it is collaborating with Standard Chartered with the aim of enhancing custodial solutions for institutional clients. “Today we were pleased to announce that we’ve officially partnered with Standard Chartered, a leading […]

The post Crypto Exchange OKX Announces ‘Milestone’ Partnership With Investment Bank Standard Chartered appeared first on The Daily Hodl.

Bitcoin price falls toward range lows, but data shows ‘whales going wild right now’

BlackRock in Talks With Crypto Exchanges About Using Its BUIDL Token As Derivatives Collateral: Report

BlackRock in Talks With Crypto Exchanges About Using Its BUIDL Token As Derivatives Collateral: Report

Asset management titan BlackRock is reportedly in talks with numerous crypto exchange platforms about using its proprietary token BUIDL as collateral for derivatives contracts. According to a new report by Bloomberg, anonymous people familiar with the matter say the world’s largest asset manager is exploring the idea of utilizing BUIDL – the crypto asset related […]

The post BlackRock in Talks With Crypto Exchanges About Using Its BUIDL Token As Derivatives Collateral: Report appeared first on The Daily Hodl.

Bitcoin price falls toward range lows, but data shows ‘whales going wild right now’

Blackrock Targets $3 Trillion Crypto Derivatives Market, Quietly Pushing Game-Changing Token

Blackrock Targets  Trillion Crypto Derivatives Market, Quietly Pushing Game-Changing TokenBlackrock, the world’s largest asset manager, is reportedly seeking to disrupt the $3 trillion crypto derivatives market by pushing to have its BUIDL token accepted as collateral. Discussions are ongoing with major exchanges like Binance and Deribit. The token’s interest-paying structure could appeal to institutional investors seeking alternative collateral options in the growing derivatives sector. […]

Bitcoin price falls toward range lows, but data shows ‘whales going wild right now’